An investor in NASDAQ:SNCR shares filed a lawsuit over alleged Securities Laws violations by Synchronoss Technologies, Inc.
Investors who purchased shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that the defendants made false and/or misleading statements and/or failed to disclose that Synchronoss Technologies, Inc. would not be able to meet revenue guidance provided to investors, that as such, Synchronoss Technologies, Inc. would need to revise its prior guidance, and that as a result, defendants’ statements about Synchronoss Technologies, Inc’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On April 27, 2017, Synchronoss Technologies, Inc announced that company founder and Chairman of the Board of Directors Stephen Waldis will return to the role of Chief Executive Officer, effective immediately. Synchronoss Technologies, Inc also announced that Lawrence Irving has been named Chief Financial Officer and that John Frederick, who served as Chief Financial Officer prior to Mr. Irving’s appointment, will be leaving to pursue other interests. Furthermore, Synchronoss Technologies, Inc also downgraded its revenue guidance by $13 to $14 million and its operating margins by up to 10% for the first quarter of 2017.
Those who purchased NASDAQ:SNCR shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com